Exam questions 45 HOURS
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1. Farming: What term is used for the specializing of one particular neighborhood
or property?
2. DPR/ Duties to the department of business and professional responsibili-
ties.: Under the NAR Code of Ethics standard of conduct all of the following duties
are included, except?
3. duplex, where the owner occupies one unit and rents the other. Page 2: -
Which property is considered to be a residential property under Florida Statutes?
4. Mission Statement.: The document that describes your overall goal as a profes-
sional is
5. Property Manager: A particular kind of licensee that handles daily management
of property on behalf of the absentee owner is
6. Industrial sales: Real estate professional that deals with warehouses and man-
ufacturing facilities
7. An appraisal, done under USPAP.: For federally regulated Real Estate transac-
tion a particular valuation method is used. What is it
8. NAR: Largest RE organization in the US
9. The employing Broker: When you close a sales transaction. Who pays the sales
associate the commission?
10. He must notify FREC about employer change no later than 10 days after.-
: Sales associate is unhappy with Broker, and changes employer. What is required
by Florida real estate law?
11. Single agency relationship.: Which broker relationships requires duties of
confidentiality obedience, loyalty, full disclosure?
12. USPAP: Appraisals used in federally related transaction must comply with?
13. F.S. 475: Which chapter regulates schools and appraisers?
14. deliver to broker or employer no later than next business day: Sales assoc
gets a check what is he required to do?
15. License revocation: Penalties that may be imposed for a first time minor viola-
tion all except?
16. Typo or grammatical error: All of the following RE ads subject to penalties
except?
17. Null and void: What is the status of a sales assoc if they fail to complete with
the 45 hr post license?
18. You can assume that approx value of the pool is 20K: Home with pool sold
for 250K, another without a pool, but similar otherwise, sold for 230K. What can you
assume?
19. Investment value: What type of value is the value of a particular property for an
investor?
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, Exam questions 45 HOURS
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20. Highest and best use.: Which appraisal analysis is based on the assumption
that every property has a single use, that creates the highest income and return?
21. contracted sales price.: Amount actually paid by a buyer is?
22. Principle of Contribution: A pool costs 25K to build but adds 15 K to the
appraised value?
23. CMA Comparable Sales Approach: The approach to valuation that uses value
of similar property recently sold in the same market?
24. BPO, Broker Price Opinion.: A lender requests an estimate of value on an REO
, which method would be used?
25. Open listing: Which types of listing allows an owner to list the property with
more than one broker?
26. Brighten room, cleaning window & turning on lights: Home staging and
preparation tip is suggested to make a home more appealing?.
27. What type of buyer are you looking for: Important to qualify seller by asking
question to understand their motivation and expectations. You must make different
questions except?
28. CMA: Which part of listing presentation is most useful to help the seller get to a
realistic listing price?
29. If the owner finds the buyer, the owner owes no commission to the listing
broker: All of the following are characteristics of an Exclusive Right of Sale Listing
Contract, except?
30. Focus your prospecting on new people, focusing on the same people over
and over is waste of time: Prospecting is important for getting new business, the
following actions will likely promote that successfully, except?
31. personal profile.: A good listing presentation explains to seller on why you are
a good option as listing agent. Under what section of presentation would you include
experience, education, background, personal experience?
32. Social media: Pull marketing is a method of attracting new customer. Which ad
is an example of pull marketing?
33. principal loan balance is reduced.: Which statement describes a fully amor-
tized fixed rate loan, where borrower monthly payments are the same?
34. Mortgage loan originators: What is the term for someone who arranges loans
by taking mortgage applications and searching for lenders, but who does not make
the loan itself?
35. maximum loan amount, and requirement of private mortgage insurance.: -
How is the loan to value ratio used?
36. VA loan with little to no down payment. (Page 138): In an effort to make it
possible for war veterans to buy homes, which is the option?
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https://www.coursehero.com/file/249869333/Exam-questions-45-HOURSpdf/
Study online at https://quizlet.com/_35ewfj
1. Farming: What term is used for the specializing of one particular neighborhood
or property?
2. DPR/ Duties to the department of business and professional responsibili-
ties.: Under the NAR Code of Ethics standard of conduct all of the following duties
are included, except?
3. duplex, where the owner occupies one unit and rents the other. Page 2: -
Which property is considered to be a residential property under Florida Statutes?
4. Mission Statement.: The document that describes your overall goal as a profes-
sional is
5. Property Manager: A particular kind of licensee that handles daily management
of property on behalf of the absentee owner is
6. Industrial sales: Real estate professional that deals with warehouses and man-
ufacturing facilities
7. An appraisal, done under USPAP.: For federally regulated Real Estate transac-
tion a particular valuation method is used. What is it
8. NAR: Largest RE organization in the US
9. The employing Broker: When you close a sales transaction. Who pays the sales
associate the commission?
10. He must notify FREC about employer change no later than 10 days after.-
: Sales associate is unhappy with Broker, and changes employer. What is required
by Florida real estate law?
11. Single agency relationship.: Which broker relationships requires duties of
confidentiality obedience, loyalty, full disclosure?
12. USPAP: Appraisals used in federally related transaction must comply with?
13. F.S. 475: Which chapter regulates schools and appraisers?
14. deliver to broker or employer no later than next business day: Sales assoc
gets a check what is he required to do?
15. License revocation: Penalties that may be imposed for a first time minor viola-
tion all except?
16. Typo or grammatical error: All of the following RE ads subject to penalties
except?
17. Null and void: What is the status of a sales assoc if they fail to complete with
the 45 hr post license?
18. You can assume that approx value of the pool is 20K: Home with pool sold
for 250K, another without a pool, but similar otherwise, sold for 230K. What can you
assume?
19. Investment value: What type of value is the value of a particular property for an
investor?
This study source was downloaded by 100000899569024 from CourseHero.com on 06-11-2025 16:55:19 GMT -05:00
1/6
https://www.coursehero.com/file/249869333/Exam-questions-45-HOURSpdf/
, Exam questions 45 HOURS
Study online at https://quizlet.com/_35ewfj
20. Highest and best use.: Which appraisal analysis is based on the assumption
that every property has a single use, that creates the highest income and return?
21. contracted sales price.: Amount actually paid by a buyer is?
22. Principle of Contribution: A pool costs 25K to build but adds 15 K to the
appraised value?
23. CMA Comparable Sales Approach: The approach to valuation that uses value
of similar property recently sold in the same market?
24. BPO, Broker Price Opinion.: A lender requests an estimate of value on an REO
, which method would be used?
25. Open listing: Which types of listing allows an owner to list the property with
more than one broker?
26. Brighten room, cleaning window & turning on lights: Home staging and
preparation tip is suggested to make a home more appealing?.
27. What type of buyer are you looking for: Important to qualify seller by asking
question to understand their motivation and expectations. You must make different
questions except?
28. CMA: Which part of listing presentation is most useful to help the seller get to a
realistic listing price?
29. If the owner finds the buyer, the owner owes no commission to the listing
broker: All of the following are characteristics of an Exclusive Right of Sale Listing
Contract, except?
30. Focus your prospecting on new people, focusing on the same people over
and over is waste of time: Prospecting is important for getting new business, the
following actions will likely promote that successfully, except?
31. personal profile.: A good listing presentation explains to seller on why you are
a good option as listing agent. Under what section of presentation would you include
experience, education, background, personal experience?
32. Social media: Pull marketing is a method of attracting new customer. Which ad
is an example of pull marketing?
33. principal loan balance is reduced.: Which statement describes a fully amor-
tized fixed rate loan, where borrower monthly payments are the same?
34. Mortgage loan originators: What is the term for someone who arranges loans
by taking mortgage applications and searching for lenders, but who does not make
the loan itself?
35. maximum loan amount, and requirement of private mortgage insurance.: -
How is the loan to value ratio used?
36. VA loan with little to no down payment. (Page 138): In an effort to make it
possible for war veterans to buy homes, which is the option?
This study source was downloaded by 100000899569024 from CourseHero.com on 06-11-2025 16:55:19 GMT -05:00
2/6
https://www.coursehero.com/file/249869333/Exam-questions-45-HOURSpdf/
